Data: The first Solana spot ETF in the United States was launched, with a net inflow of $69.45 million on its first day, bringing the net asset size to $289 million

ChainCatcher News, the first Solana spot ETF in the U.S.---Bitwise Solana Staking ETF (ticker symbol BSOL) has officially listed on the NYSE.

According to SoSoValue data, the net inflow on the first day of listing was $69.45 million, with a trading volume of $57.91 million. The initial subscription size before BSOL's listing was $223 million, and the total net asset value after the first day of trading was $289 million, with a net asset ratio of SOL (the market cap of SOL as a percentage of the total market cap) reaching 0.27%.

It is noteworthy that the Grayscale Solana Trust ETF (ticker symbol GSOL) will also convert from a trust to an ETF on October 29 and will officially list on the NYSE, adding another member to the U.S. Solana spot ETF lineup.

The Bitwise Solana Staking ETF is issued by Bitwise Asset Management. During the current U.S. government shutdown, the issuer has met the general listing standards for commodity trusts and obtained exchange certification under 8-A, with the prospectus automatically becoming effective on October 28, satisfying the 20-day deadline for listing approval. Its features include:

• Supports cash and physical redemptions, with physical delivery only available to APs;
• Supports Solana providing additional yield through staking, with 6% of staking income allocated to the issuer, custodian, and staking provider, and the remaining 94% counted towards ETF assets;
• Management fee rate of 0.20%;
• Waiver of management fees and staking distributions within the first 3 months of listing and for fund sizes up to the first $1 billion.